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FisherMama91
June 1, 2024
Question

Self-Employed first time user

  • June 1, 2024
  • 1 reply
  • 0 views

We are about to be first time business owners and are still waiting for our UBI number, so very new just getting started. My husband will be getting his contractors license and plans to be self-employed for a while. I will be handling the accounting piece (hence why I'm here). With that being said, what would the best QuickBook feature be for us? No employees, he plans to do the draws for self-payment, I don't plan on being on payroll but if I'm handling our finances surrounding the business, should I be? We are legally married but my name is not on the business license or anything. But I'll be helping with taking phone calls, scheduling bids, and accounting. Would I have to consider myself an employee? Any advice would be much appreciated! 

 

Thank you!

1 reply

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Ethel_A12
June 1, 2024

Congratulations on your new business, @FisherMama91.

 

I'm glad to know that you are interested in using QuickBooks products for your new business. Since you don't have an employee for your business, you can use the QuickBooks Solopreneur. It is the new platform as a replacement for QuickBooks Self-Employed.

 

QuickBooks Solopreneur caters to solo entrepreneurs and small businesses with one owner, whether or not you work with 1099 contractors. It provides user-friendly tools for organization, tax management, and business growth to promote financial stability. 

 

Once you connect your bank or credit card account, QuickBooks Solopreneur automatically sorts transactions into preset categories for easy monitoring. 

 

The tax filing features in QuickBooks Solopreneur are tailored for 'Schedule C' (form 1040) filers, which is commonly applicable to sole proprietors or single-member LLCs. If you require a customized chart of accounts, QuickBooks Simple Start offers this functionality.

 

You can read this article to learn more about the features included in QuickBooks Solopreneur and QuickBooks Online: Introduction to QuickBooks Solopreneur. Scroll down until you reach the comparison chart.

 

Once done, you can now subscribe to QuickBooks Solopreneur through this link: QuickBooks Plans & Pricing. I also encourage visiting our beginner's guide to help set up your new account.

 

Feel free to click the Reply button below if you have questions about using Solopreneur. We are always here to help. Have a great day.

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